Navistar International Corp’s (NYSE:NAV), based in Lisle, Illinois, shares moved down to the record low in around 10 months after announcing a surprise loss, dropping its estimate for a second time current year and shifting top managers as it resists to meet 2010 federal emission standards for one of its truck engines.
Shares of the Navistar fell 14% to settle at $24.11 in New York and marked the biggest drop since Aug 8. Shares of the company tumbled almost 28% prior in the day. Stock of Navistar International fell 36% current year after moving down 35% in 2011.
Navistar cut its yearly profit estimate to a variety of break-even to $2 per share as it deals with the effects of pursuing an emission-reduction technology that has banned it from winning United States Environmental Protection Agency certification for its 13-liter engine.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. PACCAR Inc (NASDAQ:PCAR) fell -0.16% to settle at $37.78 Oshkosh Corporation (NYSE:OSK) moved up +1.00% to end at $20.18 while Wabash National Corporation (NYSE:WNC) jumped +0.31% to finish on Thursday at $6.56.
Navistar International Corp (NYSE:NAV) last session volume of 23.30 million shares was surprisingly higher than its average volume of 1.59 million shares. The stock after opening at $22.33 hit high price of $25.94 and then closed at $24.11 by scoring -14.35%.
The liquidity measure in recent quarter results of the company was recorded 1.53 as current ratio. The Company had total cash at hand $837.00 million and a book value per share as -$3.49 in the most recent quarter.
The stock price volatility was 9.66% for a week and 5.64% for a month as well as price volatility’s Average True Range for 14 days was 1.79 and its beta remained 1.36.
NAV generated revenue of 14.27 billion in the following twelve months and earned $1.58 billion. The Company showed a negative 11.44% in the net profit margin and as well as in its operating margin which remained 1.08%. Company’s annual sales growth for the past five year was -0.34%.
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